Sunday 22 January 2017

AIB ex-CEO throws light on our banking whodunnit

Published 30/04/2015 | 02:30

Decisions were made, and more than one fateful Rubicon was crossed as anxious bankers, advisors and officials conferred with Taoiseach Brian Cowen, and Finance Minister Brian Lenihan
Decisions were made, and more than one fateful Rubicon was crossed as anxious bankers, advisors and officials conferred with Taoiseach Brian Cowen, and Finance Minister Brian Lenihan

In the functional surrounds of the banking inquiry in Committee Room One, former AIB chief Eugene Sheehy was calmly reading from his opening statement.

  • Go To

Everyone was listening with both ears, because he is one of the elite band of banking brothers who played a part in the behind-closed-doors drama of the night of the bank guarantee. He was recalling the chagrin of the bank's brass on the morning following the all-night session in Government Buildings.

"When we saw the guarantee document for the first time later that morning we could not understand why Anglo and INBS (Irish Nationwide Building Society) were included," he explained. "All our discussions that night were based upon the premise that Anglo was to be taken down."

Please sign in or register with Independent.ie for free access to Opinions.

Sign In

Read More

Don't Miss

Editor's Choice